Technical analysis of cross-rates. (Anton Hanzenko)

EUR GBP (current price: 0.8880)

• Support levels: 0.8730 (minimum of the last months), 0.8650, 0.8530.
• Resistance levels: 0.8810, 0.8900, 0.9050 (November 2016 maximum).
• Computer analysis: MACD (12, 26, 9) (signal – downward movement): the indicator is above 0, the signal line has left the histogram bar. RSI (14) is in the overbought zone. IchimokuKinkoHyo (9,26,52) (signal- upward movement): the Tenkan-sen line is above the Kijun-sen line, the price is in the cloud.

• The main recommendation: sale entry is started from 0.8900,0.8920, 0.8950.
• Alternative recommendation: buy entry is started from 0.8850, 0.8830, 0.8800.

The euro pound pair is traded with the strengthening due to a more rapid recovery of the euro in crosses. In this case, this pair is limited by a significant resistance of 0.8900.

EUR JPY (current price: 135.60)

• Support levels: 134.40 (September 2017 maximum) 131.40, 127.40.
• Resistance levels: 136.80 (October 2015 high), 139.00 (August 2015 maximum), 140.90.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is started from 136.20, 136.50, 136.80.
• Alternative recommendation: buy entry is started from 135.40, 135.00, 134.70.

Euro yen remains in the correction phase after flights from risks, but European stock indices keep downward dynamics. As a result, the formation of multidirectional movements is possible, while the upward trend remains.

GBP JPY (current price: 152.70)

• Support levels: 152.80 ( September 2017 maximum), 150.00, 147.00.
• Resistance levels: 155.40, 158.00, 160.30.
• Computer analysis: MACD (12, 26, 9) (signal – upward movement): the indicator is below 0, the signal line has left the histogram bar. RSI (14) is in the neutral zone. Ichimoku Kinko Hyo (9,26,52) (signal – downward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is started from 153.00, 153.50, 154.20.
• Alternative recommendation: buy entry is started from 152.20, 151.40, 151.10.

The pound yen pair is traded with correction after a rapid decline yesterday. The return of the pair above the 153.00 mark will indicate the resumption of the uptrend.

EUR CHF (current price: 1.1580)

• Support levels: 1.1550 (November 2017 minimum), 1.1500, 1450.
• Resistance levels: 1.1700 (the maximum of the current year), 1.1750, 1.1800.
• Computer analysis: MACD (12, 26, 9) (signal-upward movement): the indicator is below 0, the signal line has left the body of the histogram. RSI (14) is in the neutral zone. IchimokuKinkoHyo (9,26,52) (signal- upward movement): the Tenkan-sen line is below the Kijun-sen line, the price is below the cloud.
• The main recommendation: sale entry is started from 1.1600, 1.1620, 1.1640.
• Alternative recommendation: buy entry is started from 1.1560, 1.1540, 1.1500.

The euro franc pair demonstrates a rapid recovery after such a rapid decline yesterday on the recovery of European stock indices. In this case, the cross-rate dynamics is limited to a lateral trend.